Nifty IT stocks trade flat; Wipro, LTI keeps bear at the bay

Heavyweights Infosys and HCL Tech were the main laggards even though CoForge and Naukri lost more in terms of percentage.

Mar 04, 2021 02:03 IST India Infoline News Service

IT Stocks Up
Nifty IT stocks resisted the market bears to trade flat during Thursday’s trade. Wipro and Larsen & Turbo Infotech drove the index with gains of 1%.

Heavyweights Infosys and HCL Tech were the main laggards even though CoForge and Naukri lost more in terms of percentage.

At around 2.58 pm, Nifty IT was trading at 25,752.55 down 20.10 points or 0.08%, touching a high of 25,981.35 and low of 25,450.45 during intraday trade on Thursday.

Wipro gained 1% at Rs439.85 per piece. The company has announced that it has joined the ‘Partnering for Racial Justice in Business initiative’ launched by the World Economic Forum to promote a culture of diversity, inclusion, equity and justice for people of all racial backgrounds in the workplace.

L&T Infotech was 0.96% on the upside at Rs3,948.80 per piece. Mphasis and MindTree were trading higher and TC was flat. 

Naukri shed 0.90% while Coforge was 0.84% down.

HCL was 0.60% down at Rs 959.45 per piece. HCL America Inc., a wholly-owned step-down subsidiary of the company incorporated under the laws of California, United States of America has approved the issuance of USD denominated fixed-rate, senior unsecured notes worth USD 500 million.
HCL Tech recognized as a leader in IDC MarketScape: Canadian Cloud Professional Services 2021 Vendor Assessment. Infosys shed 0.26%.  Tech Mahindra was also marginally down. 

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